Price quotes of US feed-grade whey stayed in the range of US$ 661-838/tonne.

Market analysis

Supplies of whey tightened, prompting traders to lift price even as sales were tepid amid slow piglet feed demand. However, feed millers, who were wary of the weak hg market, were not tempted to expand inventories despite climbing whey prices.

Market forecast

Buyers will remain cautious while the hog market continues to suffer under severe disease outbreaks. Even with supplies dwindling whey prices are not expected to strengthen by a lot.

Remarks: Prices refer to port transaction prices of low-protein whey and are for reference only.